The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs recently announced it has awarded $97 million in grants to non-profit organizations to support new development or rehabilitation of affordable multifamily homes and rental assistance for seniors. In addition, HUD has awarded $40 million in grants to increase the availability of service coordinators who connect seniors and individuals with intellectual or developmental disabilities with critical resources. Offered under HUD’s Section 202 Supportive Housing for the Elderly program, nearly $97 million in funds will help facilitate 732 Project Rental Assistance Contracts (PRAC) to support the construction and operation for 818 new rent-assisted homes for low- and very low-income seniors aged 62 years or older. In addition, and through the Service Coordinator in Multifamily Housing (SCMF) program, nearly $40 million in funds will be allocated to 104 grantees to pay salaries and associated benefits for service coordinator professionals at 107 affordable multifamily homes.
You can read more on this funding, along with who the grantees are, found in the HUD announcement here.